Medical Professional Mortgages

Special home financing for medical and dental professionals

A mortgage crafted with your needs in mind

You work hard to serve the needs of your community. Reward yourself with a First Citizens Bank home loan designed especially for doctors, medical professionals and dentists.

We'll make purchasing your new home as easy and convenient as possible—and we'll be with you every step of the way.

Start your new home journey
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Why Choose Us
Benefits of our medical and dental professional mortgage

No PMI requirement

Private mortgage insurance, or PMI, is waived.

$0 or low down payment

You may be able to purchase a home with a low down payment—or no payment at all.

Higher loan limits

Higher loan limits mean you can purchase a larger home.

Medical Professional Mortgage Loan Requirements

Minimum program requirements

The professional mortgage is available to individuals in the United States who meet the following requirements:

  • FICO score of 680 or higher
  • Eligible participants must be active—not retired—and include, but are not limited to those with medical doctorate degrees, dentists, medical interns, residents, fellows and licensed physicians. Also eligible are optometrists, podiatrists, nurse practitioners, nurse anesthetists and physician assistants.

Loan Process
How our program works

The process for acquiring a medical professional loan is fast and simple.

Step 1

Contact us

Get started by submitting the contact form. An experienced mortgage specialist will reach out to address any questions you may have and collect all the required documentation.

Step 2

Submit an application

We work closely with you to ensure you submit a fully documented and supported application, allowing for an efficient review and account acceptance process.

Step 3

Get approval

Upon approval, a mortgage specialist ensures you receive access to the funds you need to buy a home.

Choose First Citizens

Get the specialized funding you need to buy your dream home

At First Citizens, we're here to help you along the journey of financing your dream home. Our medical professional mortgage is tailored exclusively for healthcare heroes like you—easing the path to homeownership.

Take advantage of this specialized mortgage to embark on your homeownership journey with confidence. Get started today!

MEDICAL PROFESSIONAL MORTGAGE LOAN FAQ
People often ask us

A medical professional mortgage is a specialized program designed to provide mortgages for doctors, nurses and other healthcare professionals. This type of mortgage is tailored to accommodate the unique financial circumstances of medical professionals, who may have high student loan debt, limited work history or varying income challenges. Healthcare workers may benefit from lower down payment requirements, flexible debt-to-income ratios, reduced mortgage insurance premiums and specialized underwriting criteria.

Medical professional mortgage loans offer several benefits to healthcare professionals.

  • Lower down payment requirements: Medical professional mortgages typically offer lower down payment options, allowing borrowers to purchase a home with a smaller down payment.
  • Flexible debt-to-income ratios: Physician mortgage loans offer more lenient debt-to-income ratio requirements, allowing borrowers to qualify for a mortgage even with higher debt.
  • Reduced mortgage insurance premiums: Physician home loans often have reduced insurance premiums or waived insurance requirements, saving borrowers money on monthly mortgage payments.
  • Specialized underwriting criteria: Lenders may consider income from multiple sources or contract-based work and may use additional documentation, like employment contracts or future earnings projections, in assessing borrower repayment ability.
  • Streamlined loan approval process: A streamlined approval process expedites the application and underwriting process.
  • Higher loan limits: Some physician mortgage loan programs offer higher loan limits, allowing borrowers to purchase more expensive homes without the need for jumbo loans.

Healthcare professionals who meet certain requirements for medical professional mortgages may qualify. These medical professionals generally include dentists, senior hospital administrators and executives, medical interns, residents, fellows and licensed physicians, including surgeons, optometrists, ophthalmologists, podiatrists, psychiatrists and osteopaths. Please note that specific eligibility requirements can vary among lenders. Some may require a minimum number of years in practice or a certain level of income. Additionally, programs providing mortgages for doctors, nurses and other healthcare practitioners may only be available to those who are actively practicing their profession and may not extend to retired healthcare professionals. Find a mortgage banker for more details.

Normal credit approval applies.

Not applicable in all states.

Consult your tax advisor regarding the deductibility of interest.

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